Mathematics, 15.04.2020 00:32, lildanielmabien

The Smiths are buying a new refrigerator. The cash price is $1,925.00. They will make a down payment of $125.00. The balance will be covered by an installment loan. The loan will be repaid in 24 monthly payments of $88.00. They have been quoted a loan interest rate of 8 percent. The annual percentage rate for the loan is %. (Round your answers to two decimal places.)

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The Smiths are buying a new refrigerator. The cash price is $1,925.00. They will make a down payment...